[Retracted] Minimum Shareholding Proportion of Equity Funds and Stock Volatility Evidence from a Quasi-Natural Experiment

Table 4

Estimation results of PSM-DID.

	(1)	(2)
TreatAfter	−1.639	−1.270
	(0.290)	(0.346)
TreatAfterFund		−1.278
		(0.487)
Individual	Yes	Yes
Year	Yes	Yes
Observers	22641	22641
Adj.	0.0778	0.0779

Note. Standard error values are shown in brackets; the symbols , , and represent significant at the level of 10%, 5%, and 1%, respectively.